TOKYO -- Japanese stocks rose 3% to close at a record high on Monday amid renewed expectations for ruling party leader Sanae Takaichi becoming prime minister and a push for dovish fiscal policies.
LDP leader closer to becoming prime minister; US credit fears ease

Investor anxiety has started to ease as the odds seem to favor LDP chief Sanae Takaichi becoming the country's new leader. (Photo by Shintaro Ino)
TOKYO -- Japanese stocks rose 3% to close at a record high on Monday amid renewed expectations for ruling party leader Sanae Takaichi becoming prime minister and a push for dovish fiscal policies.